It seems that “Rich Dad Poor Dad” author Robert Kiyosaki (@theRealKiyosaki) is getting ever more worried about an imminent market disaster, which he frighteningly calls the “greatest crash in world history” in a recent post on X.  

Dire Warning & Fresh Ideas

Kiyosaki is a renowned American entrepreneur, investor, educator, and author. His work has focused on financial education and the principles of achieving financial independence. He developed the concept of "Rich Dad" and "Poor Dad" to impart financial wisdom and the importance of financial literacy. His books, seminars, and educational programs have influenced countless individuals worldwide in their pursuit of financial success and literacy. This impressive pedigree is precisely what makes it so striking when he warns in his X post that “In 2024, 60/40 investors will be biggest losers,” referring to followers of the traditional strategy of investing 60% of assets into bonds and 40% into stocks.

So what’s his recommendation now? The post advises: “Before going down with the ship, consider a shift to 75% Gold, Silver, Bitcoin 25% real estate/oil stocks.” This resonates with other comments he’s made recently, including one bullish post that claims, “Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700.” And he seems to be equally positive about silver prices, saying in the same post: “Silver from $23 to $68 an ounce. Savers of fake dollars F’d. Please tell your friends to wake up.”

His followers seem to agree. “Gold is now outperforming the S&P 500 this year,” commented @WinfieldSmart, adding in an image that tracks the two against each other. “Sound advice. But I’ll ‘hard pass’ on Bitcoin,” posted @MichaelBrowmchl, before adding his preferred mix of “Gold, silver, uranium, oil, emerging markets.”

Kiyosaki on X


Still Time to Jump From the Ship of Fools

Kiyosaki’s post start with a reference to the "Ship of Fools," which is a powerful allegorical concept that has been explored in various forms of literature, art, and cultural commentary throughout history. At its core, this allegory represents the idea of a vessel, typically a ship, populated by individuals who are foolish, irrational, or mentally unstable. It serves as a metaphor for a society or community that is collectively misguided, irrational, or morally adrift. Sadly, this could easily be a reference to people who blindly believe in the Federal Reserve, traditional financial strategy, and wishful thinking that the stock market and U.S. dollar are safe places to protect assets during a financial collapse.

Of the scariest things about Kiyosaki’s post was the simple, and ominous, way that the post ended: “Good luck. Take care.”

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